Bumi Armada has picked up another VLCC, presumably to stock up for future conversion, Seatrade Asia online reports. Bumi said in a stock market announcement that its offshore unit Bumi Armada Offshore Holdings had bought the 13-year-old Sumitomo-built MT Osprey for $29m.
The acquisition is in line with the group's fleet expansion plan, in the ordinary course of its business, Bumi Armada said. The company currently owns and operates five FPSOs.
2012 November 29 14:12